US Shoppers Spent More At Retailers Last Month In Latest Sign Consumers Are Driving Growth
WASHINGTON (AP) — Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices. Retail sales rose 0.4% from August to September, the Commerce Department said Thursday, up from 0.1% the previous month and the third straight increase. Online retailers, restaurants, and grocery stores all reported higher sales. Sales at gas stations fell, because of lower pump prices. The retail sales figures aren’t adjusted for inflation, and the prices of goods ...